Using the Aging Approach,management Estimates That 10% of the $10,000

question 205

Multiple Choice

Using the aging approach,management estimates that 10% of the $10,000 of Accounts Receivable will be uncollectible.The Allowance for Doubtful Accounts has a $100 unadjusted debit balance.The adjusting entry to record estimated bad debts includes a:

• A) debit to Bad Debt Expense of $1,100
• B) debit to Bad Debt Expense of $900
• C) debit to Bad Debt Expense of $1,000
• D) credit to Allowance for Doubtful Accounts of $1,000

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